Shareholders greeted with scepticism the plans for a bright future laid out at yesterday's AGM of Fairfax Media.
There was a full house at the meeting, but the mood was subdued, even despairing, as speaker after speaker challenged the record of Fairfax chairman, Roger Corbett, and the performance of the board.

Alan Jones' editorial comments will be fact-checked before going to air, under a deal struck between 2GB management and the Australian Communications and Media Authority. The beleaguered broadcaster will also undergo training to ensure his on-air statements are factually accurate.

The lesson for other leading companies from the Gunns fallout is that serious action came too late: heads should have rolled years ago. The board and fund managers pumped other people’s money into what could arguably have been seen as a fantasy.

The king is dead, long live the king. Well, kings. Nathan Tinkler’s spectacular wealth wipeout has been crystallised by the release of the first Rich List since things started to really go pear-shaped for him about two months ago.

Since its inception, Rupert Murdoch has never been out of the Guardian's media power top 10. But this year the 81-year-old tycoon has been relegated to #11, where, woe of woes, he suffers the indignity of being one spot below the man running Britain's powerful press inquiry, Lord Leveson. Oh, how are the mighty fallen.

Yesterday, Australian Christian Lobby boss Jim Wallace told an audience debating gay marriage that taking up smoking was a comparatively better lifestyle choice than engaging in the salacious activity associated with same-s-x marriage. Was he right?

It can be safely said that Aboriginal people have never seen Noel Pearson as the great hope. The voices of dissent and sometimes outrage have not been heard over the clamour of the media and politicians to find the quick fix, the one sure cure for the Aboriginal problem, that Pearson has seemed to represent.

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The Power Index follows power and influence in Australia. Paul Barry and a team of investigative journalists find out who really runs Australia via regular Power Lists profiling powerful individuals across Politics, Media, Money, Law + Order, Culture and special lists. The Power Index Email Alert is a twice weekly snapshot of power-related news, views and features. Web development of The Power Index by Valegro.